With LinkedIn officially starting to trade its shares on the New York Stock Exchange (NYSE), Facebook may not be too far behind in its own public offering. Wednesday’s pricing of the highly-anticipated LinkedIn IPO at $45 is likely to spike activity in Facebook’s IPO. The social networking site for professionals priced at the high end of the range, which was raised by 30 percent from its original level puts Facebook in a good place considering its large base of active users. To date, LinkedIn’s stock doubled in the first few minutes of trading today. In a quick turn of events, Facebook COO Sheryl Sandberg spoke briefly about the possibility of a Facebook IPO at Reuters Global Technology Summit today, saying that a public offering of Facebook shares is inevitable.” Reuters reports that Sandberg declined to comment on when an IPO would take place.
Yay! Your turn Facebook!
It’s a process that all companies go through. It’s an inevitable process for us, the next thing that happens”¦People used to ask us if we were going to get sold. People have stopped asking that question we’re not “¦ No one is buying us, we’re going public.” – Facebook COO Sheryl Sandberg
It’s been thought that the social network will go public by April 2012, but it could happen before this date.
Via »Source
